Slide 1: Investor Presentation Annual Results 2025
INVESTOR PRESENTATION Annual Results 2025 12.02.2026 REGULATED INFORMATION
Slide 2: Table of Contents
TABLE OF CONTENTS 1.0 HIGHLIGHTS 2025 2.0 ACTIVITY REPORT 3.0 KEY FINANCIAL & FUNDING 4.0 CONCLUSION
Slide 3: Strong Full-Year 2025 Results Confirm Nextensa's Strategic Course
STRONG FULL-YEAR 2025 RESULTS CONFIRM NEXTENSA’S STRATEGIC COURSE
Slide 4: Key Figures 2025 vs 2024
KEY FIGURES Full-year profitability supported by 2025 VS 2024 strategic execution Debt Ratio Net Result 38,80% vs 45,39% € 33,2 M vs €-10,8 M Development Contribution Rental Income € 16,5 M vs € 14,67 M € 56,7 M vs € 72,18 M Net Financial Debt Financing Cost 592 M vs 763 M 2,90% vs 2,86% Dividend €
Slide 5: Strong focus on future-proof ESG projects
Strong focus on Stick to NEXTENSA’S future-proof ESG projects STRATEGY with targeted • (Re)developing climate-adaptive priority actions buildings • Creating sustainable societies • Investing in human capital Balancing Nextensa’s Hybrid model • Financial Health • Actif Portfolio Management
Slide 6: Key Activities 2025 (Reducing Debt from 45,39% to 38,26%)
KEY ACTIVITIES 2025 (REDUCING DEBT FROM 45,39% TO 38,26%) TOUR & TAXIS LUXEMBOURG BELGIUM RETAIL DIVESTMENTS Cloche d’Or Sale Monteco Lake Side Eosys (12K sqm) €28 M Sale Knauf 78% Lease PwC Proximus New Shopping Headquarter Centers Terraces (5K sqm) 100% Lease Lombard Public Enquiry Odier Treemont
Slide 7: Towards a More Sustainable Future
TOWARDS A MORE SUSTAINABLE FUTURE Sustainable Energy Smart Mobility Vibrant neighbourhoods Expansion of the photovoltaic network : 17,947 solar panels Laekenveld Square Moonar – more than just a workplace Moonar - Establishing a genuine ecosystem
Slide 8: Nextensa
NEXTENSA We create places you prefer “Nextensa is a real estate developer and landlord focused on mixed-use projects, primarily in urban environments. We combine sustainability, innovation, and hospitality to create and manage places where people can live comfortably, work, meet, shop, and enjoy.”
Slide 9: Nextensa (31/12/'25)
NEXTENSA ( 3 1 / 1 2 / ’ 2 5 ) WE CREATE PLACES YOU PREFER €1.1 B €431.53 M 382.335 SQM €56.7 M TOTAL VALUE OF MARKET DEVELOPMENT IN BELUX RENTAL INCOME INVESTMENT PORTFOLIO CAPITALISATION 14% 18% PROJECT DEVELOPMENT (31/12/’25) 31% 52% 34% 51% BELGIUM RETAIL LUXEMBURG OFFICES AUSTRIA OTHER
Slide 10: Building the Future and Reshaping Cities
BUILDING THE FUTURE AND RESHAPING CITIES
Slide 11: Tour & Taxis
GARE HOTEL MAISON TOUR & TAXIS HERMAN BRUSSELS ENTREPOT SHEDS MARITIME DES DE LA TEIRLINCK ENVIRONMENT ROYAL DOUANES POSTE 5-minutes neighbourhood Excellence in sustainability Mix-city of functions work shop LAKE PARK LANE live SIDE do relax
Slide 12: Retail Occupancy
CHA. 02 – Activity report A diverse offer of services Retail Occupancy 93% • Proxy Delhaize open since 3 April • New lease signed with Bldr (Boulder Climbing)
Slide 13: Higher Events Rental Income (+6%)
CHA. 02 – Activity report A place to discover & connect Higher Events Rental Income (+6%) 2,250 1,850 +22% H1 24 H1 25 416 388 -7% H1 24 H1 25 1,340 1,176 -12% H1 24 H1 25
Slide 14: Stable Office Occupancy
CHA. 02 – Activity report A high-impact workplace Stable Office Occupancy Occupancy is expected to decrease slightly in 2026 due to Proximus, followed by a strong rebound in 2027 88% 0 Syntra Stable Moxy BV Orde landmeters
Slide 15: Completion of Park Lane II and Inauguration of Parkdreef
High-quality CHA. 02 – Activity report housing Completion of Park Lane II & Inauguration of Parkdreef September • 333 of 346 units sold or reserved • Completed in Q4 2025 96%
Slide 16: Lake Side, Part of Tour & Taxis
LAKE SIDE, PART OF TOUR & TAXIS Vibrant Urban District 140,000 m² 16 Residential & 2 Office buildings Mix of apartments, offices, retail, hospitality, and public facilities, all set within a green environment Open and connected to the neighbourhood Estimated permit : 01/04/2026 Estimated start of wo
Slide 17: Nextensa Welcomes Proximus at Tour & Taxis
NEXTENSA WELCOMES PROXIMUS AT TOUR & TAXIS
Slide 18: Treebune
HI Hire nen
Slide 19: Treebune
TREEBUNE TREEBUNE
Slide 20: Towers
TOWERS
Slide 21: Proximus Towers Become BEL Towers
“PROXIMUS TOWERS” BECOME BEL TOWERS” BRUSSELS ICONIC RESET, GREEN MINDSET The BEL towers project (115.000 sqm) is a high-quality mixed (re)development : • 58.000 sqm offices • 2.400 sqm retail • 50.000 sqm residential and student housing • 11.000 sqm public facilities The second mixed-function build
Slide 22: BEL Towers Iconic Reset, Green Mindset
BEL TOWERS BRUSSELS ICONIC RESET, GREEN MINDSET Sustainability as a standard • Circular construction • Energy-efficient & fossil-free • Water management • Biodiversity & greening • 15-minute city & mobility Delivery date: The permit is in place and discussions with prospective tenants/buyers are und
Slide 23: Cloche d'Or
CHA. 02 – Activity report CLOCHE D’OR A new urban district in Luxembourg City work shop live do relax
Slide 24: Cloche d'Or: Pioneer in Repurposing
CLOCHE D’OR Pioneer in repurposing
Slide 25: Cloche d'Or - Offices
CLOCHE D’OR - OFFICES The Stairs Terraces
Slide 26: Cloche d'Or - Offices Eosys
CHA. 02 – Activity report CLOCHE D’OR - OFFICES EOSYS • End of June lease agreement signed with PwC as main tenant (78%). 12.500 sqm • High quality 13-storey contemporary building with distinctive architecture • Aims for a BREEAM “Outstanding” certification • Delivery Q3 ‘27
Slide 27: Cloche d'Or Residential Developments
Innovative and CLOCHE D’OR Sustainable Living RESIDENTIAL DEVELOPMENTS D-10 D-5 D-Nord • D-Nord: 190/194 units reserved/sold • D-5 & 10: 169/185 units reserved/ sold Delivery Phase 1: Q4 ‘25 • D1 : 162 apartments 10 D -5 83% • B&B Hotels: 4.500 sqm – 150 rooms D - Sud Delivered mid-july 2025 Opened
Slide 28: Rue Monterey & Tree Montree Luxembourg
RUE MONterey & TREE MONTREE LUXEMBOURG NEW SUSTAINABLE OFFICE • Wood frame construction • Carbon neutral • Target certification: BREEAM excellent MONTREE 2.452 sqm STATUS • Permit obtained • Expected delivery in mid- 2027
Slide 29: From Tree to Montoyer: Treemont Brussels
From TREE to MONToyer TREEMONT BRUSSELS NEW SUSTAINABLE OFFICE • Wood frame construction • Carbon neutral • Target certification: BREEAM excellent STATUS • Juni ‘25 : Renewed Permit Application • Permit expected by Q2 2026 TREEMONT 2.783 sqm
Slide 30: Key Performance Indicators
CHA. 3 – Key Financials KEY PERFORMANCE INDICATORS
Slide 31: Key Performance Indicators: NAV vs Share Price
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS The NAV per 31 December 2025 amounts to 83,15 EUR/share while the closing rate per end December 2025 amounts to 42,70 EUR/share. This means a discount of 49% compared to the NAV. Share price Nextensa NAV Nextensa (fair value)
Slide 32: KPIs of Our Investment Portfolio
CHA. 03 – KPI’s of our investment portfolio Fair value of portfolio decreased from € 1,30 billion to € 1,09 billion Rental income decreased by € 15,5 M: - + € 1,6 M like for like rental growth - - € 15,9 M due to sale of buildings - Like-for-like rental growth of 3,05% Realized gain on sale Diekirch
Slide 33: Other KPIs: Result of Development Activities
CHA. 03 – Other KPI’s Result of development activities (+ € 1,9 M compared to last year) • Tour & Taxis (€ 5,3 M): profit recognized on Parklane Phase II, Phase I and RIVA • Cloche d'Or (€ 11,1 M) main sub projects contributing to the result of 2025: • Ilot D-5 & D-10 – residential 169 apartments re
Slide 34: Funding
CHA. 03 – K E Y F I N A N C I A L S FUNDING Net financial position of € 592,8 M at the end of December 2025 compared to € 763,0 M at the end of 2024 Financial debt ratio is 38,80% (45,39% per 31/12/2024) The hedge ratio amounts to 100% The headroom amounts to € 169 Million
Slide 35: Consolidated Income Statement
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT
Slide 36: Consolidated Balance Sheet
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET
Slide 37: To Summarize
CHA. 04 – Conclusion TO SUMMARIZE Strong profit growth despite market challenges: Net profit of € 33,2 M Debt ratio reduced to 38,80% (from 45%) and improving financial flexibility Proposed dividend: € 1,00 per share. BEL Towers redevelopment – 2nd major mixed-use project in Brussels’ North District
Slide 38: Behind every number is a dream about what comes NEXT
“Behind every number is a dream about what comes NEXT”
Slide 39: Contact Information
CONTACT INFORMATION Headquarters Gare Maritime Picardstraat 11 box B505 BE- 1000 Brussels +32 2 882 10 00 info@nextensa.eu INVESTORS RELATIONS investor.relations@nextensa.eu CONTACT www.nextensa.eu RPR: 0436.323.915 (Brussels) Michel Van Geyte ISIN code BE0003770840 CHIEF EXECUTIVE OFFICER LEI 54930